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New Big Money Means Mobile TeleSystems Public Joint Stock Company (MBT) Investors Could Reap Benefit

361 institutions hold shares in Mobile TeleSystems Public Joint Stock Company (MBT), with institutional investors hold 30.81% of the company’s shares. The shares outstanding are 835.67M, and float is at 461.49M with Short Float at 1.21%. Institutions hold 30.81% of the Float.

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The top institutional shareholder in the company is Lazard Asset Management LLC with over 25.88 million shares valued at $231.63 million. The investor’s holdings represent 2.59% of the MBT Shares outstanding. As of Dec 30, 2020, the second largest holder is Renaissance Technologies, LLC with 23.85 million shares valued at $213.47 million to account for 2.39% of the shares outstanding. The other top investors are Blackrock Inc. which holds 20.29 million shares representing 2.03% and valued at over $181.57 million, while Wells Fargo & Company holds 1.25% of the shares totaling 12.49 million with a market value of $111.75 million.

Mobile TeleSystems Public Joint Stock Company (NYSE: MBT) is -7.82% lower on its value in year-to-date trading and has touched a low of $7.64 and a high of $9.81 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MBT stock was last observed hovering at around $8.13 in the last trading session, with the day’s gains setting it 0.12% off its average median price target of $816.52 for the next 12 months. It is also 99.41% off the consensus price target high of $1393.10 offered by 14 analysts, but current levels are 98.73% higher than the price target low of $648.30 for the same period.

Currently trading at $8.25, the stock is -0.76% and -3.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.06 million and changing 1.48% at the moment leaves the stock -5.95% off its SMA200. MBT registered -0.48% loss for a year compared to 6-month gain of -3.40%. The firm has a 50-day simple moving average (SMA 50) of $8.37 and a 200-day simple moving average (SMA200) of $8.61.

The stock witnessed a -5.50% loss in the last 1 month and extending the period to 3 months gives it a -9.74%, and is 0.86% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.14% over the week and 1.24% over the month.

Mobile TeleSystems Public Joint Stock Company (MBT) has around 65102 employees, a market worth around $8.38B and $6.45B in sales. Current P/E ratio is 9.05 and Fwd P/E is 8.91. Profit margin for the company is 12.40%. Distance from 52-week low is 7.98% and -15.90% from its 52-week high. The company has generated returns on investments over the last 12 months (15.90%).

Mobile TeleSystems Public Joint Stock Company (MBT) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Mobile TeleSystems Public Joint Stock Company (MBT) is a “Buy”. 14 analysts offering their recommendations for the stock have an average rating of 2.00, where 3 rate it as a Hold and 0 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Mobile TeleSystems Public Joint Stock Company is expected to release its quarterly report on 08/17/2021 and quarterly earnings per share for the current quarter are estimated at $0.21 with sales reaching $1.71B over the same period.The EPS is expected to grow by 20.70% this year, but quarterly earnings will post -5.10% year-over-year. Quarterly sales are estimated to shrink -4.70% in year-over-year returns.

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Mobile TeleSystems Public Joint Stock Company (MBT): Who are the competitors?

The company’s main competitors (and peers) include Vodafone Group Plc (VOD) that is trading 31.55% up over the past 12 months. Turkcell Iletisim Hizmetleri A.S. (TKC) is -6.52% down on the 1-year trading charts. Short interest in the company’s stock has fallen -0.9% from the last report on Mar 30, 2021 to stand at a total of 5.59 million short shares sold with a short interest ratio of 1.2.

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